28, HOMEWAY, ROMFORD, RM3 0HD - £525,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

28 HOMEWAY is a small detached house of 111m², built in 2015, which could now be worth an estimated £652,150. It was last sold for £525,000 in August 2017, which was around 23% below the average August 2017 detached price in the Havering local authority area. The most recent EPC inspection was December 2015, where the current energy rating was B, and the potential energy rating was B.

28 HOMEWAY Sold Prices

Land registry data shows two sales for 28 HOMEWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Havering local authority area for the corresponding sale date. Both of the two 28 HOMEWAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 2 AUG	£525,000	£681,394	23% below HPI
2015 28 AUG	£230,000	£549,866	58% below HPI

28 HOMEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Havering local authority area over time, sourced from the HPI. The two 28 HOMEWAY sales from August 2015 and August 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2015 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the August 2017 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 28 HOMEWAY be worth now?

28 HOMEWAY might now be worth an estimated £652,150.

This is based on house price inflation of 24.2%, between August 2017 and May 2026, for detached houses, in the Havering local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.2% inflationary increase is applied to the most recent sale price for 28 HOMEWAY of £525,000 on 2nd August 2017. For the value to have increased from £525,000 to £652,150 over the nine years and three months to May 2026, the following assumptions must hold true:

• The value of 28 HOMEWAY has moved in line with the HPI for detached houses in the Havering local authority area.
• The August 2017 sale price of £525,000 represented a fair market value for the property.
• The size, condition, and specification of 28 HOMEWAY has not materially changed since August 2017.

How Large is 28 HOMEWAY?

28 HOMEWAY is 111m² according to the EPC inspection conducted in December 2015. This puts it in the smallest 30% of detached houses houses in London, based on EPC data. The below chart shows the distribution of detached houses houses by size in London, and where 28 HOMEWAY lies on this distribution: 26% of detached houses houses are smaller than 28 HOMEWAY, and 73% of houses are larger. Note that EPC data is not available for all properties in London.

28 HOMEWAY: Plot and Title Map

28 HOMEWAY sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 28 HOMEWAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 28 HOMEWAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 28 HOMEWAY?

28 HOMEWAY is located in ROMFORD, in the RM3 postcode district. The below map shows the position of No. 28 on HOMEWAY.